Let's look at ETH!
✴️ ETHUSDT Update #Altcoins
Let's take a quick look at the Ethereum!
ETH tested its symbolic and psychological level of 200 two days ago without managing to exceed it. Since then, ETHUSDT has been evolving between 190 and this level. The Ethereum is now trading above the 195 level which is an important weekly level and above its 4h value zone.
The technical situation is negative on the daily and 4h horizon, which does not exclude a retracement.
👉 What can be done?
We have two possibilities here guys, the first one, ETH continues its rise and breaks the 200 level, so we will be able to enter on pullback to target 210. This first possibility is risky given the state of the momentum, which is starting to be seriously overbought, so we'll use a 0.5% risk.
The second possibility is safer, we will wait until the bottom of the value zone 4 hours before opening the position.
Stay safe!
Let's take a quick look at the Ethereum!
ETH tested its symbolic and psychological level of 200 two days ago without managing to exceed it. Since then, ETHUSDT has been evolving between 190 and this level. The Ethereum is now trading above the 195 level which is an important weekly level and above its 4h value zone.
The technical situation is negative on the daily and 4h horizon, which does not exclude a retracement.
👉 What can be done?
We have two possibilities here guys, the first one, ETH continues its rise and breaks the 200 level, so we will be able to enter on pullback to target 210. This first possibility is risky given the state of the momentum, which is starting to be seriously overbought, so we'll use a 0.5% risk.
The second possibility is safer, we will wait until the bottom of the value zone 4 hours before opening the position.
Stay safe!
Feragatname
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